Monday, July 12, 2021

Compensation awarded under Motor Vehicle Act taxable in hands of legal heirs even if no TDS was deducted: HC

INCOME TAX : Where motor accident compensation amount was awarded to 5 legal heirs of deceased, same was to be bifurcated amongst all legal heirs and spread over to financial years from period when amount would accrue

from www.taxmann.com Latest Case Laws https://ift.tt/3xCka7P
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